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How much is car insurance in Moncks Corner?
|Area||Average Monthly Car Insurance Premium|
You can see in the chart above that it's around $22 a month more expensive to insure your vehicle in Moncks Corner than it is in the rest of South Carolina.
The average cost of insuring your vehicle in Moncks Corner is above the national rate. The average monthly payment in Moncks Corner is about $45 more expensive than the rate for the rest of the U.S.
While these are the average monthly costs for auto insurance coverage in Moncks Corner, you could end up paying something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining the bill you'll see each month.
We've done the heavy lifting for you and broken down the average rate for Moncks Corner so that you can get a more accurate idea of what your monthly bill might be. And if you're not sure that you're paying the lowest option, simply enter your ZIP Code below and find out!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|45-54||Not Enough Data|
The more time you've spent on the road, the more experience you have. When it comes to car insurance premiums, that experience can really pay off. As you can see, 18-24-year-olds pay two times the price that drivers of retirement age.
You can expect to see your monthly premium drop about once a decade or so. Once you hit retirement age, however, your rates may rise again in Moncks Corner.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. The difference in Moncks Corner is about $14 per month. Based on the chart above, you can see that female drivers pay around $121 on average, while male drivers typically pay $135 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the key factors in determining your car insurance rates is your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. Drivers in Moncks Corner with a single accident will pay around $167 a month. In addition, drivers with one ticket can expect to pay around $151 a month on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$114|
|15 Years or Older||$117|
In terms of affordable coverage, the cheapest vehicles to insure in Moncks Corner are typically SUVs, at $117 per month.
Truck and van drivers will see rates of about $125, while the rates for car owners average out to about $131 a month.
Vehicle age also plays a role in your monthly payment. Newer vehicles are generally going to be the most expensive to insure. Once your car is close to 5 years old, however, you may see your bill start to shrink a bit. In Moncks Corner, the most expensive vehicles to insure are vehicles four-to-five years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$131|
More often than not, those who are currently married will pay slightly less for auto insurance coverage. This can usually be attributed to their policies having multiple vehicles, a factor some companies will reward with discounts.
In Moncks Corner, the difference in rates based on relationship status can be as much as $20 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$189|
Your housing status is another factor that affects your monthly rate. Drivers who own property in Moncks Corner can expect to pay around $18 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.
That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.
Car Insurance Companies in Moncks Corner, SC
Recent trends in car insurance for Moncks Corner drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance policy.
Car insurance rates in Moncks Corner went up from 2017-2018, before steadying out in 2019. Insurance rates increased again recently, hitting a high of $146 in 2022.
How does Moncks Corner compare to neighboring areas?
Why are car insurance rates in Moncks Corner different from other areas?
When considering how much to charge for coverage, car insurance companies will review several factors. Many factors affecting your policy are based around where you park your car. These factors include things like:
- Road Safety (frequency of local car accidents)
- Total number of drivers in the area
- Regional regulations
- Local crime rates
- Access to off-street parking
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Each area will have different rates. Guides like these are a wonderful place to get started.
How can I find the cheapest car insurance in Moncks Corner?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
But hold on! Compare.com does all of that work for you. Put in your ZIP below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from several of the car insurance companies that offer auto coverage in Moncks Corner.
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Moncks Corner Insurance FAQs
What factors affect car insurance quotes in Moncks Corner?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, address, and marital status.
Why is the cost of car insurance in Moncks Corner different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, parking situations, and crime rates -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Moncks Corner?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Moncks Corner?
Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Moncks Corner or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.
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